Som Datt Finance Reports Positive Q3 Results
Som Datt Finance Corporation, a microcap finance company, has reported a 10.03% growth in net sales and a 7.14% increase in standalone net profit for the quarter ended September 2023. The company's operating profit has also shown a positive trend, but the operating profit margin has decreased. MarketsMojo has a 'Sell' call for the stock.
Som Datt Finance Corporation, a microcap finance company, has recently announced its financial results for the quarter ended September 2023. The company's net sales have shown a growth of 10.03% quarter-on-quarter, compared to a significant growth of 1,196.67% in the previous quarter. The standalone net profit has also increased by 7.14% in the current quarter, as compared to a growth of 877.78% in the previous quarter.The operating profit (PBDIT) excluding other income has shown a growth of 6.33% in the quarter ended September 2023, as compared to a growth of 870.73% in the previous quarter. However, the operating profit margin (excluding other income) has decreased from the previous quarter.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Som Datt Finance is 'Sell'. However, the company has shown positive financial performance in the current quarter, with its score improving from 8 to 15 in the last 3 months.
Some key highlights from the financial results of Som Datt Finance for the quarter ended September 2023 include the highest operating profit (PBDIT) and profit before tax (PBT) in the last five quarters. The company has also shown a positive trend in its near-term operating profit and PBT. The profit after tax (PAT) has also increased, with the highest figure in the last five quarters. This has resulted in a higher earnings per share (EPS) for shareholders.
Overall, Som Datt Finance Corporation has shown a positive financial performance in the current quarter, with an increase in key financial metrics. However, investors should consider the stock call by MarketsMOJO before making any investment decisions.
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